Article
First: Monetary Policy
Monetary policy consists of taxes, printing of money and manipulation of money markets.
Taxes & Printing of Money:
eSK recently raised income taxes from 5 to 8%, lowered vat from 3-5% to 2% and lowered imports from 25 to 20% on food, and 20% to 15% on gifts.
eSK has had a few battles which were subsidized. This introduced more currency to the pool and was mudding up our Monetary Market (MM). We also had an attempted hijacking (Canada bought ~10k KRW) and had a 100% population boom in about a week (70 > 160 players). This, coupled with an influx of foreigners here for battles, meant that businesses needed significant amounts of KRW to run their businesses, and congress obliged.
After the battles were over, the foreigners slowly left, and Canada slowly put their KRW back into our money pool. This caused the subsidized battle money sellers to undercut, and was wreaking havoc on our local businesses.
This problem came forward to our politicians and we realized it was a simple solution: Slowly shrink the KRW pool. The way to get to that solution? Not so simple. After much deliberation from several congressmen, our Minister of Finance,
The top two nations have 5% income tax across the board. We are not a top nation fiscally, so I do not recommend or support a 5% income tax because of our low volume of workers comparatively. The other 3 top nations have 10-13% income taxes. I do not support or recommend this either; we want more citizen growth, and this is a stifling level of taxation. We are now a regional powerhouse. We need to fund our government like a powerhouse. While a 5% taxrate was too low, 10-12% was too high, I believe 8% was just right. I voted for Scyfi’s compromise.
Manipulation of Money Markets:
Initial reaction was as expected, outrage. However, our experiment was picked up by our Dear Leader,
My reaction and my perceived public reaction 3 days after the tax hike would be extremely positive. We are collecting more taxes from everyone, but we are hitting non-spenders and spenders alike more equally. Those who simply 2 clicks were only paying 5% income and 0% vat, while our actives were paying 5% income and 3% vat. Now its 8% 2 clickers to 10% actives which is an increase in our taxation parity. The KRW is being circulated back to the government more quickly, and our MM is the strongest it has ever been.
Thank you,
Next article:
Founding Fathers (12 years ago)
About the game:
USA as a world power? In E-Sim it is possible!
In E-Sim we have a huge, living world, which is a mirror copy of the Earth. Well, maybe not completely mirrored, because the balance of power in this virtual world looks a bit different than in real life. In E-Sim, USA does not have to be a world superpower, It can be efficiently managed as a much smaller country that has entrepreneurial citizens that support it's foundation. Everything depends on the players themselves and how they decide to shape the political map of the game.
Work for the good of your country and see it rise to an empire.
Activities in this game are divided into several modules. First is the economy as a citizen in a country of your choice you must work to earn money, which you will get to spend for example, on food or purchase of weapons which are critical for your progress as a fighter. You will work in either private companies which are owned by players or government companies which are owned by the state. After progressing in the game you will finally get the opportunity to set up your own business and hire other players. If it prospers, we can even change it into a joint-stock company and enter the stock market and get even more money in this way.
In E-Sim, international wars are nothing out of the ordinary.
Become an influential politician.
The second module is a politics. Just like in real life politics in E-Sim are an extremely powerful tool that can be used for your own purposes. From time to time there are elections in the game in which you will not only vote, but also have the ability to run for the head of the party you're in. You can also apply for congress, where once elected you will be given the right to vote on laws proposed by your fellow congress members or your president and propose laws yourself. Voting on laws is important for your country as it can shape the lives of those around you. You can also try to become the head of a given party, and even take part in presidential elections and decide on the shape of the foreign policy of a given state (for example, who to declare war on). Career in politics is obviously not easy and in order to succeed in it, you have to have a good plan and compete for the votes of voters.
You can go bankrupt or become a rich man while playing the stock market.
The international war.
The last and probably the most important module is military. In E-Sim, countries are constantly fighting each other for control over territories which in return grant them access to more valuable raw materials. For this purpose, they form alliances, they fight international wars, but they also have to deal with, for example, uprisings in conquered countries or civil wars, which may explode on their territory. You can also take part in these clashes, although you are also given the opportunity to lead a life as a pacifist who focuses on other activities in the game (for example, running a successful newspaper or selling products).
At the auction you can sell or buy your dream inventory.
E-Sim is a unique browser game. It's creators ensured realistic representation of the mechanisms present in the real world and gave all power to the players who shape the image of the virtual Earth according to their own. So come and join them and help your country achieve its full potential.
Invest, produce and sell - be an entrepreneur in E-Sim.
Take part in numerous events for the E-Sim community.
